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Finance

How did Warren Buffett Get Started and Became the Oracle of Omaha?

Warren Buffett got into business and finance quite early and purchased his first stock when he was only 11 years old. He tried his hand at odd jobs in his childhood including delivering newspapers. In 1947, after a nudge from his father, he enrolled as a freshman at Wharton School of Finance and Commerce but subsequently transferred to the University of Nebraska from where he graduated at 19 with a degree in business.

Buffett’s interest in investing and finance grew after he joined Colombia Business School in 1950 and studied under David Dodd and Benjamin Graham. Four years later, he started working at Graham’s partnership firm, Graham-Newman Corporation. The partnership folded in 1956. That same year, Buffett started Buffett Associates, combining a $100 of his money with contributions from friends and family amounting to $105,000.

In 1962, Buffett started buying a stake in an ailing textile company called Berkshire Hathaway. Three years later, he took control of the company. Warren Buffett is the chairman of Berkshire Hathaway and long-time friend Charlie Munger is vice-chairman.

View more information: https://marketrealist.com/p/how-did-warren-buffett-get-started/

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